Business
Silver Bullet Mines Commences Trading and Provides Updates on Arizona and Idaho
Burlington, Ontario--(Newsfile Corp. - December 6, 2021) - Following the closing of its Qualif...
About this update from Silver Bullet Mines Corp
[{"type":"text","content":"Silver Bullet Mines Commences Trading and Provides Updates on Arizona and IdahoBurlington, Ontario--(Newsfile Corp. - December 6, 2021) - Following the closing of its Qualifying Transaction and the listing of its common shares on the TSX Venture Exchange under the symbol SBMI, Silver Bullet Mines Corp. (TSXV: SBMI) (\"SBMI\" or \"the Company\") is excited to provide its first operational update.SBMI's flagship asset is the Black Diamond Project located in the major mining camp of Globe, Arizona. Black Diamond is a massive project, covering 4900 acres and hosting five former producing silver mines. SBMI also owns the George Washington Mine, a former silver and gold producer in Idaho on patented lands.SBMI's goals are:Put the Buckeye Silver Mine in pilot production in Q1/22, followed by full-scale production;Finalize plans to have the McMorris Silver Mine back in production within 24 months;Carry out exploration programs elsewhere on Black Diamond to enable a decision on the order in which the remaining former producers will be put back in production;Investigate the waste rock on surface at the George Washington Mine in Idaho; andDefend the treasury.\"The team has made astonishing progress in mining-friendly Arizona,\" said A. John Carter, SBMI's CEO. \"In a short period of time we have gone from an empty field to having a mill pad and an assay lab. Having our own lab means we can be nimble underground and not waste time waiting for third party labs to get around to processing our samples. Our goal of positive cash flow is closer every day.\"Some parts for SBMI's mill have been installed onsite at the Buckeye Silver Mine after navigating through the port of Long Beach. Other parts are still in the supply chain and are beyond SBMI's control for the time being. If those parts are significantly delayed, SBMI can choose to accelerate the program at the George Washington Mine in Idaho. Once finalized, the mill will have the capacity to process 125 tonnes of ore per day.Concerning that program in Idaho, Mr. Carter continued, \"We have taken grab samples from the waste rock at surface and expect assay results shortly. If, as we anticipate, the results justify further investigation, we would expect to process a bulk sample to test historical results and to determine ore characteristics including representative grades of silver and gold.\"...